The SME segment in India has been a consistent bright spot and engine for growth over the last several years. According to government numbers, the micro, small and medium enterprises (MSME) sector has been growing at least 10 percent annually since 2015, and punching above...
With home loan growth expected to slow to 4 percent in 2018, National Australia Bank (NAB) wants to build its business elsewhere, namely in SME lending. A report in The Australian on Monday (July 31) revealed news that the NAB is adding new features to its small business...
A new report from FIS finds small businesses continue to feel fed-up with their big banks, despite a rebound in large bank loan approval rates for SME borrowers. The research, published last week, found that there are more aspects to small business banking than borrowing money...
One U.S. lawmaker has begun to inquire about SMB alternative lending practices, according to JD Supra news reports. Rep. Emanuel Cleaver II (D-Mo.) has reportedly sent letters to five alternative SMB lending companies with questions regarding borrower protections, anti-discrimination efforts, transparency and other factors. “While FinTech lending...
May 17, 2018
The SME segment in India has been a consistent bright spot and engine for growth over the last several years. According to government numbers, the micro, small and medium enterprises (MSME) sector has been growing at least 10 percent annually since 2015, and punching above its weight in terms of its contribution to the economy […]
May 30, 2017
Small business optimism is hitting new peaks, and while SMBs say they’re planning for growth, they’re not necessarily willing to spend money to access capital — nor do they have the...
November 03, 2016
Will alternative lending platforms eat away at traditional banks’ market share? That’s been the question for the past few years, with many analysts agreeing that alternative finance won’t rise as...
October 13, 2016
Nearly half of Canada’s SMEs have applied for some form of financing in recent years. But despite its market size, SMEs are struggling to get the working capital they need....
November 02, 2018
In a Kakao Pay-led Series B round, peer-to-peer (P2P) lending platform PeopleFund took in $11 million in funding. The South Korean company, which was started in 2015, matches borrowers with investors in a marketplace for lending, according to reports. PeopleFund CEO Joey Kim has said that personal and consumer loans comprise about 25 percent of […]
January 17, 2017
It was CAN Capital’s ambitious growth plans that led the alternative SME lender to eventually falter, according to a new report from The Wall Street Journal. The publication said Monday...
November 16, 2016
Despite what Bank of America describes as a “challenging business environment,” SMBs are thriving, thanks in large part to friends and family. The bank released its latest semi-annual report on small businesses...
June 13, 2016
As the U.S. alternative lending industry continues to face a bumpy road — whether from struggling alt-finance players, corporate scandals or incoming regulation — reports are highlighting yet another hurdle headed...
